1.What is the use variance for part a?

2.What is the price variance for part a?

3.What is the total variance for part a?

4.What is the use variance for part b?

5.What is the price variance for part b?

6.What is the total variance for part b?

7.what is the rate (labor price) variance for labor?

8.what is the efficiency (labor use) variance for labor?

9.what is the total variance for labor?

please show the scratch work and steps to solve the problem!

1. We are analyzing 2 products - product X and product Y. o Product X requires 3 Part As and 4 Part Bs. o Product Y requires 2 Part A's and 3 Part Bs. o The standard cost for Part A is $12 per unit. o The standard cost for Part B is $24 per unit. o During this month, the company purchased 50,000 units of Part A for $587,500 (there was no beginning balance). o During this month, the company purchased 100,000 units of Part B for $2,500,000 (there was no beginning balance). o During the month the company produced 500 Xs and 1000 Ys. o During the month the company used 3550 units of Part A and 4975 units of Part B. o Factory payroll was $393,000 with 19,500 hours (this is actual - direct labor only). o Xuses 12 standard direct labor hours. o Yuses 14 standard direct labor hours. o Labor standard cost is $20 per hour. 0 0 0 0 0 hint: for production of both X and Y